#StablecoinLaw The GENIUS Act brings federal oversight to stablecoins, boosting legitimacy for USD-backed tokens (USDC, USDP) while restricting algorithmic stablecoins (like UST). It could accelerate institutional adoption, improve cross-border payments, and help the U.S. compete with CBDCs like China’s digital yuan. However, DeFi may face compliance hurdles, and excessive regulation could push innovation offshore. The bill favors bank-issued stablecoins, potentially reducing Tether’s dominance but raising centralization concerns. Overall, it’s a major step toward crypto clarity, balancing consumer protection with growth. If passed, it could shape future crypto laws and solidify the dollar’s role in digital finance.